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Under Offer

The Job Bank, 4 Tunnel Road, Kensington, Liverpool, Merseyside, L7 6QD

  • Substantial Commercial Building
  • Suitable For A Number Of Uses, Subject To Planning
  • Current Potential Rental Income £74,000 per annum
  • Total Approx Net Internal Area 860 sq.m. (9,257 sq.ft.)

Investment Opportunity

Location
The property occupies a substantial corner plot fronting onto Tunnel Road (A5089) at its junction with Harbord Street and Wavertree Road (B5178) in the Edge Hill area approximately a mile east of Liverpool City Centre. The immediate surrounding area comprises a mix of small industrial units, new build residential housing, and a retail park development which includes a number of large outlets such as Iceland, Home Bargains, and Matalan to name but a few. The property is also in close proximity to a number of university buildings and student accommodation, with the new `Knowledge Quarter`, a 450-acre development, which is nearing completion of the first phase.

The Property
The subject property comprises a large L-shaped two-storey modern office building with a car parking provision to the rear for approximately 18 vehicles with a section of the site comprising an area of grassed open space. The building is a structural steel-frame construction, with elevations formed mainly of facing brick and currently fit out for office use, benefiting from raised access flooring, suspended ceilings with flush lighting, a combination of gas fire central heating, and air conditioning units as well as various WC and kitchenette facilities throughout, and an eight person passenger lift. Externally, the building benefits from double-glazed powder-coated aluminium framed windows.

Accommodation
We have measured the premises in accordance with the RICS Code of Measuring Practice (6th Edition) to provide the following approximate areas and dimensions:

Ground Floor
Net Internal Area: 413.6 sq.m. (4,452 sq.ft.)

First Floor
Net Internal Area: 446.4 sq.m. (4,805 sq.ft.)

Site Area
Approx: 2,345 sq m (0.56 acres)

Tenure
We understand the property is held by way of a long leasehold interest for a Term of 999 years commencing 23rd December 1999 at a peppercorn ground rent.

Occupational Tenancies
We understand the property is let on a multi-occupancy basis, with three current occupational tenants, all of which are holding over:

Tenant/Occupier Sq.ft. Occupied Annual Rent (not including service charge)

New Start Ltd. 3615.8 £18,654

Liverpool 120 £1,380
Safeguarding
Children Board

Pure Legal 643 £4,374
Solicitors

Alternatively,

The property can be sold with the benefit of vacant possession.

Further details are available upon request.

EPC
The property has an EPC rating of C72. Full report available upon request.

Rates
Interested parties should make their own enquiry of Liverpool City Council`s Rating Department on 0151 233 3008 or www.voa.gov.uk/businessrates.

Price
£675,000

Viewings
Strictly by appointment via the sole agents SK Real Estate (Liverpool) Ltd Tel: 0151 207 9339 / Contact: Tom Pearson (tom.pearson@skrealestate.co.uk)

Listed By:

SK Real Estate
2 Cotton Street,
Liverpool, L3 7DY
Tel: 0151 207 9339
Email: commercial@skrealestate.co.uk

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